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Integrated reporting frameworks tells that there are six types of capital (human, financial, intellectual and more). All four of these are required for sustainability or any one would be enough?
Like as per my perception, if the shareholders are way too much wealthier and business has very huge financial capital so it would be able to sustain even if business has losses.
But sustainable only for a while – until the money eventually runs out.
Usually ‘sustainability’ implies not shrinking.
The idea of integrated reporting is that all capitals have to be adequate, protected and nurtured to give the best possible hope of long-term viability.
Professor Ken, can you explain this line, “Usually ‘sustainability’ implies not shrinking.”
I am not able to understand it, as poor English.shrink = become smaller.
If a business cannot stay the same size or grow then there must be a question mark over its long-term future.
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